 |
| Ifeanyi Ubah |
The Special
Fraud Unit (SFU) of the Nigeria Police, which is investigating oil marketers
involved in the oil subsidy scam, has announced the arrest of the Managing
Director/Chief Executive Officer of Capital Oil & Gas Limited, Dr. Patrick
Ifeanyi Ubah and five others.
The others are:
Joseph Orji, Executive Director, Operations; Afam Azubike, Executive Director,
Special Duties; Chibuzor Ogbuokiri, General Manager, Operations; Godfrey
Okorie, Depot Manager; and Nsikan Usoro, Head, Trading.
The six men were
arrested yesterday by operatives of the Unit and are undergoing interrogation,
the SFU said in a statement today.
It added that
the investigation is at the instance of Aig-Imokuede led 15-member Presidential
Committee on Verification and Reconciliation of Fuel Subsidy Payment which was
constituted by the Ministry of Finance to investigate questionable payments of
over N2 trillion. The head of the SFU,
Commissioner of Police Tunde Ogunsakin, is a member of the Committee.
Yesterday’s
arrest is sequel to the indictment of Capital Oil and Gas by the team of
Auditors of the committee.
The statement
pointed out that the SFU is currently investigating 26 transactions concerning
Capital Oil which the committee found to have been forged. The SFU had sent letters of invitation to
various organisations to confirm the payment.
“Investigation
revealed that a total subsidy amount of 43.291 billion Naira was due to Capital
Oil & Gas Industries Ltd based on 538.74 million litres of fuel imported
during 2011 financial year which comprises twenty-six (26) transactions,” the
statement said
No comments:
Post a Comment